re: rio distribution happening??
Hi Christian,
I'm sure fibonnaci and Turtle would suggest that a stock would continue to follow the direction is it heading, however many would suggest the opposite.
The opposite is that a share price will stay static unless some external factor impacts it. (The impacting factors are generally fundamental, but not always). However the price will move as people buy/sell the stock as their personal/professional situations warrant. This could be modelled as a rubber band. Once this is stretched it will pull it back to where it started. (It won't deviate far from the mean). This is the foundation of concentric investing and Index Tracking.
You can rely on fibs. and/or turtles, but my preference is to go with the opposing methods.
Cheers
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Last
$111.42 |
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Mkt cap ! $41.36B |
Open | High | Low | Value | Volume |
$111.86 | $113.38 | $111.37 | $121.4M | 1.083M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 273 | $111.38 |
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Price($) | Vol. | No. |
---|---|---|
$111.49 | 698 | 1 |
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No. | Vol. | Price($) |
---|---|---|
1 | 273 | 111.380 |
1 | 3351 | 111.320 |
1 | 1800 | 111.300 |
3 | 1475 | 111.270 |
2 | 3351 | 111.240 |
Price($) | Vol. | No. |
---|---|---|
111.490 | 698 | 1 |
111.660 | 698 | 1 |
112.000 | 150 | 1 |
112.010 | 200 | 2 |
112.100 | 3387 | 3 |
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